Microsoft shares were down nearly two percent on Wall Street on Wednesday amid an unconfirmed report that the US software giant had agreed to purchase Nokia's mobile business for $19 billion.

This makes sense.In September, Nokia hired former Microsoft executive Stephen Elop to be chief executive of the Finnish company. In February, Nokia announced it was abandoning its smartphone platform to adopt Microsoft's mobile operating system.

Now if I were a Gambling man (which I am) Nokia shares look quite cheap right now.

No, it does not make any sense. Why would Microsoft need a phone manufacturer?
Microsoft should buy GM and start shipping cars with Windows and Outlook pre-installed. Checking your email while on the road, how does that sound?